Morgan Sindall Share Discussion Threads

[brucie5] 10/5/2023 07:21

Thanks, Thorpematt. Hope to see you there.

[thorpematt] 09/5/2023 21:40

Brucie5,

For some reason COST has not come up on any of my watchlists and so I have just had a quick look at the financials to start. IMO (FWIW) it looks to be outstanding value by my valuation methodology. Well in excess of £1 per share. Much depending on outlook etc. as always.

It has to be said that on any historic quality metrics it is terrible! BUT of course when it comes to upside these things often go hand in hand.

That chart has a long way to go upwards. The dilution over the last few years of course in context.

Thanks very much for bringing it up. Once I have had a fuller look, we can disuss more on the COST BB.

[brucie5] 09/5/2023 09:55

Thorpematt, dividend aside don't you see better value & upside in COST? What do there's think.
Mgns clearly a good company notwithstanding.

[thorpematt] 04/5/2023 18:06

Well I think the market liked the Trading Statement. Up over 4% on a down day for the index.

I guess at some point the fPER of <7 and the yield of >6% has to look attractive.

Of course if you add the net cash back in, those numbers start to look stupidly cheap.

Since this company is clearly doing just fine and is exposed to sectors which in some cases have will need significant investment, it soes seem like something of an opportune moment to be adding some stock.

[master rsi] 04/5/2023 09:00

1,718p (+24p / +1.42%)
Morgan Sindall sees FY in line as inflation falls 'in some areas'

(Sharecast News) - Construction group Morgan Sindall held annual guidance as it said general market conditions coming into 2023 had continued to ease, with inflation falling "in certain areas".

The total secured workload for the group at the end of March was £8.8bn, up 4% from the year-end and up 2% versus the prior year, the company said on Thursday.

This comprised the construction secured order book of £4.9bn, up 7% from the year-end and up 9% versus the prior year, and the regeneration secured order book of £3.9bn, which was up 1% from the year end and down 6% versus the prior year.

"Based on the current visibility of workload for delivery through the remainder of the year, the Group is confident of delivering a full year performance which is in line with its expectations and with more of a weighting towards the first half than in recent years," said chief executive John Morgan.

[thamestrader] 12/4/2023 11:59

Took a little nibble. Since the Oct'22 lows, there seems to be some gentle upward momentum.

[piedro] 20/3/2023 10:22

Morgan Sindall wins £44m Stevenage leisure hub job

[jampot7us] 14/3/2023 18:08

hxxps://www.constructionnews.co.uk/buildings/kier-morgan-sindall-lendlease-among-winners-on-2-5bn-moj-framework-14-03-2023/

[willie99] 06/3/2023 03:57

RTW….try this.

[piedro] 06/3/2023 01:38

Try dyor.com

[roundtheworld] 05/3/2023 16:30

I’m interested in investing here after reading info on company website.

Can someone please direct me to a good 3rd party/independent research note with a balanced view of past performance and future potential.

Thanks

[wfcreserves] 24/2/2023 12:56

There is alink to results and latest news on the "Just charts" thread. Perhaps further comments should be made on that thread? Just a thought.

[master rsi] 23/2/2023 12:53

Morgan Sindall - MGNS 1,770p +136p (8.32%) / profit hit by fire safety charge; confident for 2023
(Alliance News) - Morgan Sindall Group PLC on Thursday said profit fell in 2022 due to exceptional charges, but it expects to deliver 2023 results in line with its expectations.

The London-based construction company reported pretax profit was GBP85.3 million last year, down 32% from GBP126.2 million in 2021. The company said the fall was due to an exceptional building safety charge of GBP48.9 million.

The charge, which was in line Morgan Sindall's guidance back in November of GBP40.0 million to GBP50.0 million, relates to a recent UK building safety act. The new rules require the removal of flammable cladding from tall buildings and were put in place in response to the fatal Grenfell Tower fire in London in 2017.

Adjusted pretax profit was GBP136.2 million, up 6.6% from GBP127.7 million in 2021.

Revenue was GBP3.61 billion in 2022, increasing 12% from GBP3.21 billion in 2021. Morgan Sindall said significant strategic and operation progress was made in spite of market headwinds.

Looking into 2023, the company said it has a "substantial" order book, with a secured workload of GBP8.5 billion. This is down 2% from a year ago.

The company declared a final dividend of 68 pence per share, bringing the total to 101.0p, up 9.8% from 92.0p in 2021.

Chief Executive Officer John Morgan said: "While there remains significant macroeconomic uncertainty, Morgan Sindall is a strong and agile business which is well-placed to overcome the challenges of the coming year and also well-positioned to take advantage of the opportunities that arise in this type of environment.

"There are early signs that inflation, particularly labour inflation, has plateaued and is starting to fall in some areas. We look forward with optimism and although it is still early in the year, we're well-positioned to deliver a result for 2023 which is in line with our current expectations."

Morgan Sindall shares were up 7.2% trading at 1,752.00p per share on Thursday morning in London.

[willie99] 23/2/2023 07:42

Not sure why the results haven’t been published on this site, but they are available on the company website. They read well.

[cruelladeville] 11/2/2023 16:32

No, it isn't, correct. But a very useful one given the high profile client. Quite a few small to moderately sized contract awards though recently. Not bad given the state of the economy in general.

[piedro] 11/2/2023 11:19

Your link ...

Morgan Sindall wins stand for Hollywood stars’ football club
02 FEB 2023 BY JAMES WILMORE


... not a big project.

[cruelladeville] 11/2/2023 10:12

A great high profile job for Morgan Sindall building the new stand at Wrexham football club. Given the televised series, the highly visible publicity of the club won't do MGNS any harm at all.

[piedro] 03/2/2023 23:17

One more for the pot,

Morgan Sindall wins £88m Beckton DLR depot upgrade

[cruelladeville] 02/2/2023 14:36

And...... Motoring ahead today!

[cruelladeville] 31/1/2023 21:42

Steady stream of new work being awarded to MGNS. Nothing massive but a decent flow of new projects coming in. Promising start to a likely difficult 2023.

[don carter] 19/1/2023 12:42

Toe in the water today. Has always been highly thought of and seen as an effective company. Divi is attractive too.

[cruelladeville] 12/1/2023 16:35

Onwards and upwards here. Terrific quality company, good to see share price recovery.

[cruelladeville] 10/11/2022 14:56

Nice to see another good day for MGNS stock. Long may it last.

[cruelladeville] 04/11/2022 10:12

I like the company. In no rush to sell out of here. Enjoying the yield which is anomalously high at the moment.

[imastu pidgitaswell] 01/11/2022 14:45

Still holding? Perfect timing on that buying.

Just gone above the previous peak, but still way down on the start of the year levels.

Long way to go, given the fundamentals, surely?